Revision u/s 263: Disallowance of MD Commission and Depreciation Claim on Short-Term Assets Challenged.

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....Revision u/s 263 - commission paid to the MD to be disallowed - Even though it has not claimed 100% of the quantum of the value of assets due to the fact that the assets were acquired and utilized less than 180 days, it was eligible for only 50% of the rate of depreciation. Again, it cannot claim the additional depreciation u/s 32(1)(iia) - AT....